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A marketing manager for DraftKings works at his computer in Boston. (Credit: AP)

DraftKings, FanDuel Hit With Insider Scandal Class Action

Leading daily fantasy sports companies DraftKings and FanDuel were hit with a proposed class action in New York federal court Thursday in the first lawsuit over the companies’ internal policies and marketing practices following a scandal over leaked data and employees using inside information to win thousands of dollars.

  • Ex-Deutsche Trader Pleads Guilty To Role In Libor Plot

    A former Deutsche Bank currency trader pled guilty Thursday in New York federal court to charges alleging an eight-year plot to manipulate the published value of the key Libor interest rate, the U.S. Department of Justice said.

  • Clinton Pledges To Undo Insider Trading Decision

    Democratic presidential hopeful Hillary Clinton waded into the debate over insider trading law on Thursday when she made a campaign promise to try to undo the landmark Second Circuit decision that has been seen as vastly raising the bar for prosecuting the crime.

  • EPA Issues First-Ever Action Over Calif. Truck Regs

    The U.S. Environmental Protection Agency announced on Thursday its first-ever enforcement action under California’s Truck and Bus Regulation, inking a settlement with commercial trucking group Estes Express Lines over its failure to install particulate filters on dozens of heavy-duty diesel trucks.

  • FIFA Ethics Committee Suspends Blatter And Others

    Beleaguered FIFA President Joseph “Sepp” Blatter has been suspended for 90 days amid a wide-ranging investigation into corruption within the business of global soccer and a new criminal case against Blatter by Swiss authorities.

  • Caesars Can't Halt Creditor Suits Against Parent Company

    Caesars Entertainment Operating Co. can't stop creditors in New York and Delaware from pursuing its parent company over unpaid debts, according to an order released by an Illinois federal judge Thursday, potentially leaving the entity to fend for itself in Chapter 11 on the same day it took a second shot at a restructuring plan.

  • 'Bond King' Bill Gross Sues Pimco Over His Ouster

    Bill Gross, co-founder of the Pacific Investment Management Co. LLC, whose investing acumen led market participants to crown him the “Bond King,” on Thursday sued his former employer over his dismissal last year and said he deserves at least $200 million in damages from the money management company.

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